CPI

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South Korea’s CPI Slows for Fourth Consecutive Month, Indicating Inflation Past its Peak

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According to the latest data released by South Korea’s National Statistical Office, the country’s Consumer Price Index (CPI) shows a continued slowdown in inflation for the fourth consecutive month, suggesting that inflationary pressures in South Korea have reached their peak. In May, the CPI rose by 3.3% on a year-on-year basis, indicating a deceleration from …

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France’s May Inflation Falls More Than Expected as Energy and Service Prices Slow

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Inflation in France experienced a greater-than-anticipated decline in May, with energy and service prices contributing to the slowdown. However, the overall inflation level still surpasses the European Central Bank’s (ECB) target. Data released by France’s National Statistical Office (Insee) reveals that the country’s consumer price index (CPI) increased by 5.1 percent in May, compared to …

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UK Inflation Dips Below 10% in April, Reflecting Decreasing Energy Costs

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The latest data from the Office for National Statistics (ONS) reveals a sharp decline in UK inflation during April, as energy prices decreased. According to the ONS, the Headline Consumer Prices Index (CPI) dropped to 8.7% year-on-year in April, marking a significant decrease from the 10.1% recorded in March. However, the figure remained slightly higher …

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Hong Kong Inflation Surges to 2.1% in April as Commodity Prices Continue to Rise

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In April, Hong Kong experienced a notable increase in inflation, rising by 2.1% year on year. This surpassed analysts’ expectations of a 2% increase and marked a slight uptick from March’s 1.7% inflation rate. The Hong Kong government spokesperson highlighted that the surge in inflation was primarily driven by higher prices of energy-related products, including …

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Japan’s April Inflation Surpasses BOJ Target for the 13th Straight Month, Raising Concerns in Financial Markets

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Japan’s Ministry of Internal Affairs and Communications has reported that the core consumer price index (core CPI), a key measure of inflation in the country excluding fresh food prices, increased by 3.4 percent in April compared to the previous year. The rise in prices across various goods has led to speculation in financial markets regarding …

Japan’s April Inflation Surpasses BOJ Target for the 13th Straight Month, Raising Concerns in Financial Markets Read More »

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Australia Retail Sales Fall for Second Consecutive Quarter as High Interest Rates Weigh on Consumer Spending

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The latest report from the Australian Bureau of Statistics indicates that retail sales in the first quarter of 2023 fell for the second straight quarter, indicating that rising interest rates and the high cost of living are affecting consumer spending in the country. According to the report, retail sales in the first quarter of 2023 …

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